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As an additional benefit, a DBP-CHED Savings Account does not have a monthly deposit
limit unlike the current DBP Prepaid Account being used, the latter having a maximum
card load value of Php 100,000.00.
With this, scholars must visit any DBP Branch to open a DBP-CHED Savings Account
no later than 15 May 2018.
2) Open account: Proceed to any DBP Branch and complete the application forms
required to open a DBP-CHED Savings Account. A minimal fee of Php100.00 will also
be required to open the account.
3) Submit to CHED: Take a photo of the deposit slip indicating your DBP-CHED
SAVINGS ACCOUNT number, and upload at chedk12.com/dbpdepositslip as soon as
available to facilitate the crediting of your allowance to your new DBP-CHED Savings
Account.
Note that all SGS-L scholars and SE grantees must appear in person at the DBP Branch
to open the new DBP-CHED Savings Account.
Please be informed that all existing DBP Prepaid Card Accounts will be deactivated by
30 June 2018 and no future transactions will be coursed through the old accounts.
The ATM card shall be available to scholars ten (10) banking days from the account
opening date. A minimum of Php 1.00 maintaining balance is required to continually
access your account and will be automatically closed if it falls below the required
maintaining balance for three (3) consecutive months.
For any questions or clarifications, please get in touch with your respective CHED
Regional Offices or the CHED K to 12 Transition Program Management Unit through
(02) 441-0927.